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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0121%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.017%
Price spread now: Hotstuff against GMX−0.027%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GMXShort on Hotstuff
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Funding pays, the price is against you. Hotstuff is 0.027% cheaper against GMX than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BNB/USD [WBTC.b-USDC]798.98L −0.0201% / S +0.0372%get 0.0025% / 1h21m 46s$47K—200x
ShortHotstuff BNB-PERP798.76−0.0080pay 0.0010% / 1h21m 46s$4K$1K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against GMX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$25.48
Price spread: −0.027% → 0.000%
−$2.7
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$5.78
Costs to cover
0.170%
Break-even
5.4 days
Slippage unknown: GMX: no order-book sample; Hotstuff: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell Hotstuff no order-book sample—————
GMX and Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]longL −0.0201% / S +0.0372%1h798.98long leg$47K—200x
Hotstuff BNB-PERPshort−0.0080%1h798.76−0.027%$4K$1K25x
Kraken Futures PF_BNBUSD−0.0074%1h798.55−0.053%$2.5M$972K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.10+0.016%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.96−0.002%$863K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.09+0.014%$9.7M—150xas long as short
Variational Omni BNB+0.0013%8h798.06−0.115%$4.1M$5.4M—as long as short
BingX BNB-USDT+0.0035%8h798.63−0.043%—$34.8M—as long as short
Bybit BNBUSDT+0.0043%8h798.40−0.072%$138.6M$77.0M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h799.89+0.114%$606K$986K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0089%8h799.24+0.033%$6.3M$19.1M200xas long as short
Lighter BNB+0.0096%1h799.01+0.004%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h798.83−0.019%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.76−0.027%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.40−0.072%$54.3M$112.9M50xas long as short
Arcus BNB-USD+0.0100%1h799.20+0.028%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h798.40−0.072%$35.8M$58.3M75xas long as short
KuCoin BNBUSDTM+0.0100%8h798.44−0.067%$28.0M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h798.25−0.091%$79.1M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h798.56−0.052%$4.1M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.22+0.031%$161K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.94−0.004%$116K$875K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.82−0.019%$386K$497K50xas long as short
Derive BNB-PERP+0.0100%1h799.02+0.006%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.43+0.057%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.90−0.009%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h799.17+0.024%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h798.75−0.028%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.21+0.029%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h798.20−0.097%$1.8M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h798.95−0.003%$384K$40K10xas long as short
Phemex BNBUSDT+0.0109%8h799.34+0.046%$69.9M$50.5M50xas long as short
MEXC BNB_USDT+0.0110%8h799.50+0.066%$83.0M$13.5M200xas long as short
Binance BNBUSDT+0.0110%8h799.12+0.018%$499.0M$818.3M75xas long as short
Kalshi KXBNBPERP+0.0126%8h799.30+0.041%$89K$2.9M4.8xas long as short
Phoenix BNB+0.0127%1h798.51−0.058%$172K$36K10xas long as short
Hibachi BNB/USDT-P+0.0176%1h798.02−0.120%$70K$43K12xas long as short
Hyperliquid BNB+0.0211%1h799.35+0.047%$52.5M$21.2M10xas long as short
BloFin BNB-USDT+0.0231%8h798.87−0.013%$18.2M$2.5M75xas long as short
Bulk BNB-USD+0.0239%1h800.03+0.132%$650K$19K10xas long as short
RISEx BNB/USDC+0.0258%1h799.09+0.015%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0288%1h799.66+0.086%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.765%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0331%1h798.63−0.043%$6K$3K40xas long as short
dYdX BNB-USD+0.0375%1h798.70−0.035%$161K$62K10xas long as short
Backpack BNB_USDC_PERP+0.0394%1h799.35+0.047%$2.7M$5.7M40xas long as short